Wingtech Technology announced that the company intends to transfer 100% of the equity of Kunming Wenxun, Huangshi Zhitong, Kunming Zhitong, Shenzhen Wentech, Hong Kong Wentech (including Indonesian Wentech) and the business asset packages of its subsidiaries Wuxi Wentech, Wuxi Wenxun and India Wentech to Luxshare Precision and Luxshare Communications in cash transactions. The transaction price of this transaction is 4.389 billion yuan. After the completion of the transaction, the company will strategically withdraw from the product integration business and concentrate resources on the development of the semiconductor business. As of December 31, 2024, the company's total assets were 74.978 billion yuan, total liabilities were 40.137 billion yuan, operating income was 73.598 billion yuan, and net profit was -2.858 billion yuan. After the completion of the transaction, the company's total assets dropped to 66.4 billion yuan, total liabilities dropped to 31.591 billion yuan, operating income dropped to 15.256 billion yuan, and net profit increased to 1.341 billion yuan.